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    Introduction to Management Accounting Study Set 3
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    Exam 8: Flexible Budget and Variance Analysis
  5. Question
    Direct- Labor Usage Variance = (Actual Quantity Used - Standard
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Direct- Labor Usage Variance = (Actual Quantity Used - Standard

Question 7

Question 7

True/False

Direct- labor usage variance = (actual quantity used - standard quantity allowed) x actual price.

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